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During the 8 years of its action in the virtual world, the video sharing site YouTube was only a contest to find out who the winner of the best video.
Surprisingly, Google was now ready to shut down the site because they have finally reached the point [...]
Angry Birds Seasons seems to immediately have a theme and a new level in the near future.
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The advantages of this TV compared to other brands is Samsung’s Smart Interaction technology.
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Microsoft to train their employees to be able to explain the differences in the operating system Windows RT and Windows 8 to consumers.
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The issue of global warming causing many manufacturers to make devices that are environmentally friendly. Including one replacement power source for electricity with renewable sources or unlimited.
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Unfinished news about the iPhone 5S, the latest info is precisely focused on the iPhone 6.
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Microsoft has officially announced the successor to the Xbox 360 and named Xbox One. The next question that arises is, what games are ready to present at the console.
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Sony has just announced a new game console, the PlayStation 4, the PlayStation event in the U.S. (2/21). What are the new features of the PS4? The following brief review.
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With its easy-to-access content and vast selection of ready-made playlists, Spotify has amassed more than 100 million users globally since its inception in 2006. But according to writer Liz Pelly (The Guardian, Rolling Stone, Pitchfork) it’s narrowing the range of music we listen to.
The top 10 percent of songs on Spotify make up 99.2 percent of all streams and Pelly says that’s largely because of the influence the major labels - Universal, Sony and Warner - have over the music streaming service.
Pelly says the labels are influencing Spotify playlists in much the same way they’ve been influencing commercial radio since the bad old days of payola, where such companies paid to have their songs played.
It’s within Spotify’s curated playlists that the problem begins. These mood and genre-based playlists are compiled by Spotify staffers, and clearly favour artists on major labels.
It’s a question of resource.
The majors have huge marketing departments. They can afford to employ staff dedicated to working with Spotify, which in turn has staff dedicated to working with them.
“They have weekly phone calls and meetings and charts that get sent over,” says Pelly.
Meanwhile, independent labels are largely ignored.
“From speaking with independent artists and folks who work for independent labels, I’ve learned that it’s very challenging for them.”
Once the majors get their artists onto the curated playlists, a kind of ‘echo-chamber’ effect begins: if a song is included in one of Spotify’s curated playlists it’s much more likely to appear in its algorithmic ones (users’ ‘Discover weekly’ and ‘Daily Mix’ playlists), which in turn garners more streams and again boosts its chances of being included in further playlists.
This situation isn’t just affecting music fans: independent labels and their artists are seeing profits diminish, despite the fact Spotify has been partly credited with the first increases in recorded music revenue in years.
Pelly says, “Just because the gross profit is increasing doesn’t mean that it’s more sustainable for the majority of artists or that most artists are seeing that.
“People need to divorce the idea that buying a Spotify account is directly contributing to the artists they want to support … It’s something that works for pop stars and not independent artists.
“When they talk about gross profit in industry increasing, it’s important to think about who’s seeing those profits and who’s not.”
Read Liz Pelly's original piece for The Baffler here, or listen to her full interview with Music 101's Melody Thomas below.

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Investment Opportunities Will Be Available as Fragmented Industry Consolidates, Report Notes
MINNEAPOLIS–(BUSINESS WIRE)–The barbecue grill industry is experiencing rapid growth, thanks to growing consumer interest in creating outdoor living spaces, product innovations and consumer desires for healthy, tasty alternatives in food preparation, according to this month’s Chronicle report published by The Mercanti Group, an investment banking firm headquartered in Minneapolis and with offices in Los Angeles and New York City.
“There is no question the grilling industry is enjoying considerable success,” says Mercanti founder and managing director Jim D’Aquila. The report, authored by Mercanti analyst Michael Pohl states, “Statistics collected by the Hearth, Patio and Barbecue Association (HPBA) reveal that sales of outdoor grills reached an all-time high of more than $2.9 billion in 2006, representing growth of 12 percent over 2005 sales dollars. Today, the HPBA reports that 81 percent of all U.S. households own a grill.”
Moreover, it’s indicated that 74 million adults barbecued in the past year, with two-thirds of them doing so at least once a month.
“Consumers increasingly are building more elaborate outdoor spaces complete with elegant, all-season furniture and kitchen appliances which include a grill,” according to the Chronicle. “A 2006 study performed by The American Institute of Architects found that 64 percent of its members reported an increase in clients’ interest in outdoor living spaces, up 17 percent from the prior year’s results. The amount of money spent on outdoor rooms is growing quickly as well.”
A key market driver in the grilling industry are the recent innovations made by barbecue grill manufacturers that make cooking outdoors almost as easy as cooking indoors, states the Mercanti report. New features, such as infrared cooking, warming drawers, rotisseries and cooking surface lights, have driven sales through increased price points and heightened consumer interest.
Also contributing to the growth of the barbecue grilling industry is the rise in self-sufficient, health conscious consumers. “The ‘do-it-yourself’ attitude no longer only applies to home improvement,” Pohl writes. As evidence, the report cites the number of cooking shows on primetime television, which have increased dramatically as reality television has entered the kitchen and the Food Network has gained popularity. “Restaurants also are becoming more daring and many of their new menu items are hot off the grill,” the Chronicle states. “Diners are becoming more aware of the fact that grilled meals often serve as a healthy, leaner alternative to fried foods or microwaveable meals.” Barbecue aficionados are also turning to leaner food alternatives, featuring more meat alternatives, including vegetarian hamburgers along with more vegetables.
These trends have sparked a flame in the grilling industry that should have investors on the lookout for hot deals, according to the Chronicle. The report cautions that, because the industry is highly fragmented with brands diversified among the smaller manufacturers where most sales take place, M&A activity tends to be sparse. However, D’Aquila adds, ”To capitalize on projected industry growth, major players in the industry will become more acquisitive as niche manufacturers with an expertise in infrared grilling and other innovative technologies establish leadership positions in their respective markets. Investors should be cognizant of this potentially profitable opportunity and ready to cook while the coals are hot.”
A full copy of this report can be obtained at www.mercantigroup.com.
About The Mercanti Group
The Mercanti Group is a results-oriented boutique financial advisory firm that embraces a fierce commitment to client service and provides creative Merger & Acquisition, Capital Raising and Strategic Advisory solutions to small and middle market companies, private equity firms and individual business owners in the consumer, health care, technology, business services and manufacturing industries. Mercanti offers companies the expertise and capabilities of a large investment bank with the focus, attention and energy of a small entrepreneurial firm. Mercanti has offices in Minneapolis, Los Angeles and New York. Mercanti also is strategically affiliated with Marquette Financial Companies, a diversified financial services company which is a part of the Pohlad family holdings. If you would like more information on The Mercanti Group, please visit the Web at www.mercantigroup.com, or contact a Mercanti professional at 612.333.0130 (Minneapolis); 310.444.0130 (Los Angeles); or 212.883.0130 (New York).


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Tencent Music Entertainment Group shares fell more than 7% in the extended session Tuesday after the company reported its first results since its initial public offering. The Chinese company reported fourth-quarter net losses of $127 million, or 8 cents per American depositary receipt. Adjusted for items such as stock-based compensation, among other items, earnings were 8 cents per depositary receipt. Revenue grew 51% to $785 million. Tencent Music stock has gained 53% in the past three months, with the S&P 500 index rising 13%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Aug 11, 2022
Americans’ Grocery Bills Set to Reach New Highs on Food Inflation
(Bloomberg) -- US consumers are already grappling with historically high food prices. It still stands to get worse.
Prices paid to US producers for finished consumer foods jumped nearly 16% in the year through July, the biggest surge since 1974, according to Labor Department data released Thursday. A good chunk of that was due to a 44.2% rise in the cost of eggs, plus substantial increases in the prices of fresh and dry vegetables as well as beef and veal.
That’s an ominous sign for Americans who are already doling out much more for groceries, because producer prices tend to eventually filter through to consumers. Overall, consumer and producer prices both moderated in July, but it was largely due to a drop in energy costs. Food prices remain stubbornly high and risk keeping inflation elevated.
Read more: These Families Thought 2021 Food Inflation Was Bad. It Got Worse
Food prices have risen globally since Russia’s invasion of Ukraine reduced grain shipments from one of the world’s top suppliers. While some exports have resumed, the pace remains well below normal.
“Food inflation shows little sign of abating,” Stephen Stanley, chief economist at Amherst Pierpont Securities, said in a note.
©2022 Bloomberg L.P.


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US leading used car retailer CarMax has struck a wide-ranging deal with the National Basketball Association, Women's National Basketball Association and Turner Sports.
As part of the multiyear agreement, CarMax has been designated the official auto retailer of the NBA and WNBA – the first automotive retail partnership in WNBA history – as well as the presenting partner of NBA Tip-Off on TNT.
The Richmond, Virginia-based CarMax will also gain in-game exposure across TNT’s 66-game NBA regular-season broadcasts, and on NBA TV broadcasts and digital platforms, as well as on TNT’s NBA Playoff games, which culminate with the network’s exclusive presentation of the 2021 NBA Eastern Conference Finals.
The league partnership, which begins on December 22, expands upon CarMax’s long-standing history of NBA team relationships, including the Los Angeles Clippers, Portland Trail Blazers and Golden State Warriors.
“CarMax has had strong partnerships with local teams in the NBA ecosystem for more than a decade and we are excited to expand our relationship and brand awareness at the league level,” said Jim Lyski, CarMax executive vice president. “The NBA, WNBA and CarMax are all innovative brands dedicated to delivering an exceptional experience for fans and customers."In addition, CarMax’s upcoming “Call Your Shot” campaign will debut partnerships with four-time WNBA champion Sue Bird and three-time NBA champion Stephen Curry, as well as bringing back Zach LaVine and Kelly Oubre, Jr. ESPN journalist Adrian Wojnarowski is also featured in the series.
Furthermore, the CarMax Foundation is partnering with Stephen and Ayesha Curry’s co-founded Eat. Learn. Play. Foundation, KABOOM!, and the Oakland Unified School District to build a new schoolyard at Franklin Elementary School in Oakland, California.


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Stocks tumbled Monday, and investors showed signs they were starting to get a little bit nervous about 2014. There are a number of factors that have propelled this year's early string of losses. Earnings season is starting with lots of companies warning their results will not meet expectations. Also causing some concern Monday were comments from Atlanta Fed President Dennis Lockhart in support of Federal Reserve's plan to continue cutting back on its bond-buying stimulus program.
And then there's investor sentiment. The growing feeling is that last year's rally was, well, so last year.
The Dow Jones industrial average (^DJI) slid 179 points, a fourth straight loss. The Standard & Poor's 500 index (^GPSC) fell 23, and the Nasdaq composite index (^IXIC) tumbled 61 points.
Among the Dow's worst performers: Nike (NKE), Exxon-Mobil (XOM), Disney (DIS) and Microsoft (DIS) all lost 2 percent or more. The only big winner was Merck (MRK), which rallied 6 percent after a preliminary FDA review strongly endorsed the company's drug to prevent blood clots.
Retail stocks continued to slide. Lululemon (LULU) tumbled 16.5 percent after the maker of yoga gear cut its fourth-quarter outlook. The stock has been on a steady downward path over the past three months, losing about a third of its value.
Two other retailers of women's apparel were also battered. Express (EXPR) reported a drop in store traffic. It fell 4.5 percent. And Ascena (ASNA), which owns Dress Barn, Lane Bryant and other chains, fell 7 percent.
%VIRTUAL-article-sponsoredlinks%Target (TGT) lost nearly 2 percent. House Democrats want the Financial Services Committee to investigate the hacking of credit card and other personal data of as many as 110 million Americans. J.C. Penney (JCP) lost 8 percent and Kohl's (KSS) fell 6 percent.
Elsewhere, last week's big winner, Intercept (ICPT) Pharmaceuticals gave back 18 percent on word its liver treatment raised cholesterol levels in some trial patients.
But cheers to shareholders of the liquor company Beam (BEAM). It agreed to be acquired, sending the stock up 24 percent. Rival Brown-Forman (BF-A), maker of Jack Daniels and Southern Comfort, among other spirits, rose 4 percent.
Netflix (NFLX) gained 1.5 percent on its success at last night's Golden Globes.
And Alnylam Pharma (ALNY) soared 41 percent after expanding its collaboration with Genzyme, a subsidiary of Sanofi (SNY).
What to Watch Tuesday:
The Commerce Department releases retail sales data for December at 8:30 a.m. Eastern time and business inventories for November at 10 a.m.
These major companies are due to report quarterly financial results before U.S. markets open:
-Produced by Drew Trachtenberg.


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Ebay partners with Emily Ratajkowski for holiday gift list
Ebay Fashion has entered into a partnership with model and actress Emily Ratajkowski for a curated list of her top holiday gifts found on the marketplace. The list will launch on October 15 and be available online through October 24.
The gift list offers a variety of new and vintage handbags, luxury watches and sneakers from brands like Loewe, Saint Laurent, Louis Vuitton, Rolex, Adidas and The Row.
To promote the partnership and gift list, Ebay hosted an event at Legacy Records last week, attended by Ratajkowski and which displayed a selection of her chosen items.
"Whether you're shopping for that special, sold out bag to reinvigorate your winter wardrobe or need to select an unforgettable gift, Ebay is the ultimate resource for luxury bags, accessories and watches," said Renee Paradise, senior director of Ebay Fashion.
Following the gift list with Ratajkowski, Ebay will host a variety of luxury sales throughout the month of October, offering pieces from brands like Louis Vuitton, Chanel, Gucci and Rolex.
Founded in 1995 and currently owned by entrepreneur Pierre Omidyar, Ebay has reported that 80 percent of merchandise sold on the site is new, and that it provides its online shopping platform to 175 million buyers around the world.
Copyright © 2023 FashionNetwork.com All rights reserved.


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As a result of an in-depth ‘Phase 2’ investigation, the Competition & Markets Authority (CMA) have today provisionally raised competition concerns following Viagogo’s $4.05bn acquisition of StubHub.
The CMA has set out potential options for addressing its provisional concerns, which include requiring Viagogo to sell all or part of StubHub.
In reaching this provisional decision, the CMA states that it analysed a wide range of evidence in regards to how closely these firms compete, including examining the extent to which ticket resellers use both companies’ platforms, the prices and fees charged for resold tickets and the companies’ internal documents.
The CMA also engaged with customers, competitors, and other stakeholders to inform its findings – including FanFair Alliance.
Full detail of the decision can be found here.
Those wishing to comment on the CMA’s findings can make written representations by 5th November 2020 to viagogo.StubHub@cma.gov.uk
In response to the announcement, FanFair Alliance commented:
FanFair Alliance welcomes today’s provisional findings.
Though poorly-timed and focussed predominantly on the US market, Viagogo’s $4.05bn acquisition of StubHub raises acute competition concerns in the UK. We are pleased the CMA has recognised this.
Ultimately, the merger would bestow a hugely controversial business monopoly status in this country, and risk unpicking some significant progress made over recent years to clean up the secondary ticketing market.
We now look forward to submitting further views to the CMA about both their findings and potential remedies.


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January 15, 2013
Cargo Tracck device leverages advanced power management system of Cinterion M2M module for long-term tracking and tracing of trees in the Amazon rainforest continue reading »
Received an order for more than 300,000 SCR3310v2 smart card readers continue reading »
Collaborating with Dell continue reading »
M&S has expanded its use of Avery Dennison's RFID technology to all clothing and home wares in its stores continue reading »
If you have news in the Printed Electronics Industry, please feel free to send it to us!
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SEC Targeting Solana Could be Part of Soros' TradFi Takeover Plan
Despite recent legal challenges for crypto, Soros Fund Management CEO Dawn Fitzpatrick sees a 'huge opportunity' for traditional finance to take the lead, possibly foreshadowing a takeover in the crypto space amid SEC scrutiny.
The world of cryptocurrencies, despite its numerous headwinds, remains resilient. A recent lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase, two of the world's biggest crypto exchanges, has left many contemplating the future of cryptocurrencies. Amid this uncertainty, Dawn Fitzpatrick, CEO of Soros Fund Management, remains bullish on crypto, asserting that it's "here to stay."
During a Bloomberg investment summit, Fitzpatrick highlighted the current circumstances as an opportunity for traditional financial firms to take the reins. Her perspective that these incumbent firms could take the lead is founded on the dwindling investor confidence in some platforms. She argued that a transition to these institutions could benefit consumers and traders, as traditional firms are known to "segregate client assets" correctly.
Fitzpatrick's comments might seem ironic considering the disruption, decentralization, and emergence of new institutions that define the crypto market. However, her argument is rooted in the belief that the development of crypto has been somewhat mismanaged. The recent headlines, she said, make it clear that these crypto-native platforms could have benefited from the experience and knowledge that traditional firms bring to the table.
Earlier, the SEC classified Solana's SOL token as an unregistered security, sparking lawsuits against Binance and Coinbase. Some speculate that this move was not random; instead, it could signal the SEC's recognition of the threat Solana poses to traditional finance. Solana's potential in payment processing, comparable to that of PayPal, could be perceived as a significant competitor to traditional finance trying to infiltrate the crypto space.
Solana Pay, a service allowing consumers and merchants to transact directly with near-zero fees, exemplifies this potential. The service utilizes the blockchain's impressive speed, able to process 50,000 transactions per second, placing it in the same league as Visa's 65,000 transactions per second.
It is crucial to acknowledge the risks associated with cryptocurrencies, such as potential network outages, security threats, and the challenges of user-friendly interfaces for merchants and consumers. However, as Fitzpatrick highlighted, traditional financial firms, with their wealth of experience and established practices, could be well-positioned to address these issues and lead the way in crypto, while catering to the needs and expectations of the modern financial world.
As Soros Fund Management, an investment firm managing a pool of capital largely owned by billionaire George Soros and valued at nearly $30 billion, continues to navigate the volatile landscape, it is clear that the crypto world is still in flux. Traditional finance may indeed be on the brink of a crypto takeover.


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Title: The Impact of Adoption of Identity Theft Countermeasures on Firm Value (fee or subscription required)
Authors: Indranil Bose (Indian Institute of Management Calcutta) and Alvin Chung Man Leung (University of Texas at Austin)
Publisher: Decision Support Systems; vol. 55, no. 3
Date Published: June 2013
For years, hackers have been the bane of the corporate world, stealing customers’ credit and debit card information and causing billions of dollars in losses. Now, a new research paper finds that companies that are most diligent about installing—and announcing—identity theft countermeasures can not only cut their losses but also get a bounce from investors.
Previous research has determined that identity theft and data breaches (whether through hacking, the use of a virus, or phishing scams) have a significant and deleterious impact on the market value of the firms affected, especially for e-commerce businesses. A 2011 Federal Reserve study estimated that credit card fraud costs companies and consumers in the United States more than US$50 billion a year. This paper is the first to look at the flip side of the issue: How does the adoption of identity theft countermeasures affect a firm’s market value? The short answer: It pays off significantly; investors immediately reward firms despite the high costs of installing such safeguards and the risks of inconveniencing customers.
The authors of this paper analyzed the impact on the stock price and market capitalization of firms that announced they were adopting countermeasures. The measures include dynamic password generators, one-time passwords sent via text message, personal digital certification, and electronic signatures. Some companies employ two-factor authentication as an extra layer of security. This measure requires proof of both something the user knows (a personal identification number) and something the user has (an ATM card or token).
Combining several databases, the authors tracked 87 announcements of countermeasures by publicly listed U.S. firms from 1995 to 2012. These announcements were delivered in a period without any other conflicting or offsetting news releases from the company, such as earnings reports or dividend declarations.
The authors then compared the market’s immediate response to these announcements against a regression analysis of a 200-day period leading up to the news release. The analysis showed that adoption of anti-identity-theft tools increased firms’ stock prices by 0.63 percent on average over the two days following the announcement. And that’s a significant boost: Considering the average stock price and number of outstanding shares for the firms in the study, the stock boost is equivalent to a $515 million gain in market capitalization per company.
The spike was even higher for very large firms—those with assets greater than $142.9 billion, the average for all companies in the sample. A subset of 15 big firms gained an average of $1.13 billion within the two-day period following the announcement, about 4.4 times the average gain of the smaller firms in the survey. In further analyses, the authors found that firms with high growth potential and credit ratings also had better market returns after announcing an anti-identity-theft program.
Additionally, timing counts. Firms that adopted countermeasures in or before 2005 were defined as early adopters because that’s when many identity theft laws took effect. These first movers had significantly higher returns and market capitalization after making their announcements, the authors found, suggesting that investors rewarded companies that took early and decisive action against identity thieves.
The analysis also showed that the market reward was tied to the type of the response. Adopters of more complex measures, such as two-factor authentication tools, received a 0.69 percent rise in their stock price, on average, whereas companies that announced less complex measures, such as user monitoring systems or text alerts of identity thefts, received little or no boost.
“Indeed, strong and sophisticated ITC [identity theft countermeasures] that needed more investments and more effort on the part of the adopting firm [were] heralded positively by the market because they provided additional layers of protection for the firm, and reflected that firms took security matters seriously,” the authors write.
Given the average costs of devices such as dynamic password generators ($35 to $40 per consumer) or brand monitoring and anti-phishing packages (about $70,000 per month, per package), there’s no question that the costs of protecting customers’ personal information add up for firms. But this analysis suggests that firms can quickly recoup their implementation expenses by announcing the installation of countermeasures, especially sophisticated ones.
Companies that announce they are installing countermeasures against identity theft get an immediate and significant boost to their stock price. Early adopters, firms that are very large or have high growth potential, and those that install more sophisticated safeguards get an even bigger bounce.
- Matt Palmquist is a freelance journalist based in Oakland, Calif.


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- The FTC has reached an agreement with lead generation company ITMedia Solutions LLC and a number of related entities and individuals (collectively “ITMedia”) to resolve allegations that ITMedia used deceptive marketing tactics to collect sensitive financial information from millions of consumers in violation of FTC law. and the Fair Credit Reporting Act.
- The complaint, filed concurrently with the stated order, alleges that ITMedia operated hundreds of websites that tricked consumers into sharing sensitive financial information, including social security numbers and bank account information, under the guise of to apply for loans. In reality, ITMedia did not connect consumers with lenders, but harvested their information and sold it to other companies as marketing leads.
- Under the stipulated order, ITMedia will pay a civil penalty of $1.5 million. Additionally, among other things, ITMedia will be prohibited from selling consumers’ personal information, except in a limited set of circumstances, and will be required to establish procedures to screen those to whom ITMedia sells, transfers or discloses sensitive financial information. about consumers and to monitor their use of such information.
- As previously reported, in 2021, the FTC reached a $114.3 million settlement with ITMedia client Lead Express, Inc., a payday loan company, and related companies and individuals (collectively “Lead Express”) to resolve allegations that he used deceptive marketing practices and unauthorized bank withdrawals to overcharge consumers millions of dollars in payday loans.
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The next-generation Mahindra Thar has been spotted testing and will be announced soon.
Mahindra has made grand plans of giving a fitting send off to the first generation Thar and it plans to launch a Signature edition to mark the end of production of the first-gen Thar. Only 700 units of the Thar Signature Edition will be built and it would come with the 2.5-liter CRDe engine mated to a five-speed manual transmission.
The car will be made available in two different color schemes – Napoli Black and Aqua Marine. Five-spoke 15-inch alloy wheels will be exclusive to this edition of Thar. On the inside, the Signature Thar would be bigger, wider and more spacious.


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...Mitt Romney would win in a landslide -- that is, according to Amazon.com's best estimates.
"The Amazon Books Editorial team pulled extensive lists of best-selling books in relevant categories and vetted them using a variety of tools for clear partisan leaning, separating them into red and blue categories," the company says. "Many books, of course, have no clear political bias, and therefore were not included."
By tracking the sales of Republican- of Democrat-slanted books, Amazon predicts a big win for Romney with conservative book sales depicted in red, Democrats in blue. The stronger the color, the greater the majority:
So, the place with the most conservative readers appears to be Mississippi (72% "red" purchases), while Washington, D.C. is predictably chock full of liberal bookworms (78% "blue" purchases). True to its swing-state status, however, Pennsylvania readers are split at an even 50-50.
If you look at the 2012 race based solely on the candidates' book sales, Obama leads with his "Audacity of Hope" selling nearly double the number of copies of Mitt Romney's "No Apology." However in the VP race, Paul Ryan's "Young Guns" has sold considerably more copies than Joe Biden's "Promises to Keep." (Who even knew that Joe Biden wrote a book?)
"Just remember, books aren't votes, so a map of book purchases may reflect curiosity as much as commitment," Amazon notes in a disclaimer, "but we hope our 2012 Election Heat Map will provide one way to follow the changing political conversation across the country during this election season."


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For the three months to the end of December, Deckers Brands said net sales increased 10.2% from $1.08bn for the same period last year. On a constant currency basis, net sales increased 9.7%.
Ugg brand net sales for the third quarter increased 7.9% to $945.9m, compared to $876.8m for the same period last year, while those at Hoka One One grew 30.3% to $184.6m. Teva brand revenues increased 31.4% to $20.6m from $15.7m, while those at the Sanuk brand decreased 13.4% to $6.1m from $7m a year prior.
Domestic net sales increased by 3.3% to $796.1m, while international net sales were up 27.5% to $391.6m, Deckers Brands said.
Wholesale net sales increased 7.3% to $598.4m. Direct-to-Consumer (DTC) net sales were up 13.4% to $589.4m from $519.9m for the same period last year. Comparable DTC net sales increased 10.7%.
Net income, meanwhile, amounted to $232.9m, compared to $255.5m last time. Gross margin was 52.3% compared to 57% for the same period last year.
“Our portfolio of brands delivered Deckers’ largest quarter in history, with balanced growth among our direct-to-consumer and wholesale channels and across multiple geographies,” said CEO Dave Powers. “We believe Hoka and Ugg are two of the strongest brands in the footwear industry, which are complimented by our strong operating model and fortified balance sheet. While we have continued to experience unprecedented demand for our brands, we are still navigating a challenging supply chain and pandemic environment. Even with these headwinds, I have great confidence in our organisation and its ability to deliver another impressive year while positioning the company for long-term success.”
Looking ahead, for full-year fiscal 2022, Deckers Brands expects net sales to be in the range of $3.03bn-$3.06bn, and gross margin to be at or slightly below 51.5%.
This is up from previous guidance of net sales in a range of $3.01bn-$3.06bn for the year ending 31 March.


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By Gina Malone
When legislation passed in North Carolina in 2016 allowing farmers to begin growing hemp the next year, Brian Bullman, Randall Snyder and Patton Cardwell were poised and ready. Bullman had established Carolina Hemp Company (CHC) in 2014 as a distribution company and Snyder and Cardwell joined him as co-owners within the next two years. “We made an alliance, a partnership, with Kingdom of the Happy Land Farm and Asheville Botanicals to create a brand: Kingdom Harvest,” Bullman says.
CHC’s newly opened location in West Asheville contains the administrative offices of CHC as the sales and marketing arm of the collaboration and a retail store staffed by a helpful and knowledgeable team ready to share the benefits of CHC’s products. “The neat thing about it is that everyone, every single person that’s involved with what we’re doing came to us in an organic, unsolicited way,” Snyder says. Staff currently numbers 15 employees, all of whom came to the company self-taught and with a passion for hemp products and the benefits from using them.
“We have plans to grow our business thoughtfully and this is the second evolution of us moving from our Woodfin location, which will reopen soon as a micro- location,” Bullman says. CHC received its first sales order through the new location five minutes after the first box was dropped on the floor during the move, a “good omen,” says Bullman, who grew up in Asheville and has a fondness for the West Asheville area.
The owners see the location at the rapidly evolving Beacham’s Curve as a perfect spot—centrally located from downtown, West Asheville and the River Arts District. “It’s not just a retail store or a retail business and distribution here,” Bullman says. “It’s not a static sales environment. It’s a community space.” Plans down the road include hosting micro-events such as pop-up kitchens and art classes for painting on hemp.
The three owners bill Kingdom Harvest as Asheville’s first organically grown, whole-spectrum hemp extract. “Most of what’s on the market is produced in a pharmaceutical tradition,” says Snyder, “so it gets denatured in the process. What we produce is wholly natural. If Mother Nature were packaging a product, she’d package it like we do.” As such it is rich in phytonutrients and phytocannabinoids. People are curious, Snyder says, about the presence of THC in the product. It is found in the Kingdom Harvest products, he says, because it is there naturally. “Mother Nature put it there. Why would you take it out? It happens to be in a very low concentration though. That makes it legal under the hemp legislation.”
Hemp is a “unifying plant,” Cardwell says. “It is the one thing that everyone agrees on right now in the world and that’s no small point: the importance of this plant and its ability to cross barriers, to bring balance to people’s understanding and to bring people together.”
What the team at CHC attempts to do is to alleviate fears about hemp—what they call “our partner plant”—that began with laws prohibiting marijuana. Both hemp and marijuana are derived from varieties of the cannabis plant, but hemp is rich in cannabidiol, or CBD, with low amounts of the THC found in marijuana. “We have to overcome the stigmatization associated with this plant,” Snyder says. He often points out to those interested in learning more that in 2015 there were already nearly 21,000 research documents published on cannabinoids and cannabidiol, their benefits and uses. “There’s plenty yet to be discovered, but there’s already quite a bit that has been discovered,” Bullman adds.
“There’s such a long historical precedent for the use of, the safety of, and the effectiveness of extracts throughout human history,” says Cardwell. “That’s what pre-dates the modern drug and pharmaceutical allocation.” Those seeking the product range from 20-year-olds to those in their 80s, for reasons including anxiety, sleeplessness and inflammatory conditions such as rheumatoid arthritis.
“We get the most consistent feedback on how friendly our staff is, but also that we put education first,” says Cardwell. “We want to educate people so that they can make their own informed decisions on what’s best for them. It’s not a pressure sale. It’s education. It’s consultation.”Along with their passion and enthusiasm for their own business, Bullman, Snyder and Cardwell see the potential future advantages for the hemp industry as a whole in NC. “North Carolina is really at the center of the magnifying glass in the hemp industry,” Cardwell says. “Everyone around the country is focused on NC due to the fact that we have the textile and the tobacco industry history.” In a recent Hemp Yeah! meeting at THE BLOCK off biltmore, he noted that Blake Butler, executive director of the N.C. Industrial Hemp Association, pointed out that while tobacco turned out to be a vice, hemp could turn out to be a virtue. And, adds Snyder, CHC could very well become the “standard bearer” for hemp throughout the country.
Find Carolina Hemp Company at 290 Haywood Road, Suite 002, in West Asheville. To learn more, visit CarolinaHempCompany.com or call 828.GET.HEMP. Hours for the West Asheville retail store are Monday through Friday, 9 a.m. to 7 p.m., and Saturday, 10 a.m. to 6 p.m. Hemp Yeah! meetings are held the first Wednesday of each month at 6:30 p.m. at THE BLOCK off biltmore.


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SINGAPORE: Audi has pulled all the stops to bring some of its most exclusive and visionary concept cars to Singapore’s shores.
On display at the Audi Brand Experience Singapore 2018, Singapore will get a sneak peek in to the brand’s exciting innovations for the future – in the metal.
Available through www.audibrandexperience.sg, tickets start from $9 for myAudiworld members and $14 for public.
To be held at the Marina Bay Sands’ Expo & Convention Centre from 10th to 14th October this year, the Audi Brand Experience Singapore will feature the biggest, newest and best that the brand has to offer.
“She” is Audi’s Level 4 Autonomous Driving concept. Within specially demarcated areas, Elaine is able to drive on its own to perform various tasks, like going to the car wash or to the charging post. At the convenience of the driver, Elaine can be called back from its charging station to start the next journey.
A fully autonomous car, the Audi Aicon is a peek into the future of premium motoring. In place of a steering wheel and foot pedals, it has a luxurious ambience like a first-class airline. The technology demonstrator combines innovations relating to the drivetrain, suspension, digitalization and sustainability in a visionary manner.
Audi e-tron Vision Gran Turismo
From the PlayStation to the race track, the Audi e-tron Vision Gran Turismo started life for virtual races on the “Gran Turismo” PlayStation game. Audi has taken it further, developing it into a fully functional race car. The car coming to Singapore is a working example that gives demonstration runs during Formula E races, giving visitors an invigorating impression of an electric future.
Fresh from its world premiere in San Francisco just last week (17 September), the Audi e-tron is the brand’s first fully electric SUV. It marks the new chapter for Audi as it’s the first of a electrified model strategy. The e-tron will be made available for sale in 2019 and the Audi Brand Experience Singapore is the first time the car has been seen since its premiere.
Price of the Audi e-tron in Europe: €79,900


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Body shop employee narrowly escapes tornado
Stockton police say the slaying of Armando Pina for his gold chain in September could be connected to four other killings, and they are getting closer to finding the people responsible.
People in the Antelope area of Sacramento County are worried about a recent rash of robberies and home invasions.


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Operating system Ubuntu is set to release another Long Term Support (LTS) version Ubuntu 14.04 in India tomorrow.
"In April 2012, Ubuntu 12.04 LTS was launched and it is slated to release another LTS version Ubuntu 14.04 globally, including India on April 17," Canonical Asia-Pacific Regional Manager Prakash Advani told PTI here.
Canonical offers LTS versions every 2 years, which are supported for a period of 5 years from the time of release in terms of updates and patches. However, the users also have an option to upgrade to newer versions without any cost.
Canonical is the leading provider of services for Ubuntu deployments in India and abroad.
PC shipments worldwide are expected to increase in the coming days, especially in the light of Windows XP going its "end-of-life" as per the recent reports. Globally, nearly one-third of PCs still run on Windows XP.
However, India has witnessed an interesting trend in the "operating system space" where one Linux-based Operating System (OS) is riding a wave of success. Ubuntu, a Linux-based OS from Canonical, has shown robust growth in India in the last two years, Advani said.
As per the company estimates, Ubuntu is currently shipping on more than 20 per cent of PC shipments in India.
"We have had a terrific demand for Ubuntu deployments in India from various corporates, state governments, students and educational institutions etc. In the recent years. India is among the top three markets for us globally," Advani said.
Globally PC shipments have stood at over 76 million PCs in the Q1 of 2014 as per a recent Gartner report. In India, the PC shipments stand over 10 million every year as per the industry estimates.


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At OPS Solutions, we’re always looking to innovate and evolve our Light Guide Systems technology. It’s what keeps us on the cutting edge of the industry, especially at a time when enterprise augmented reality is on the rise.
New and emerging digital technologies and Industry 4.0 trends are accelerating manufacturing growth. In a recent UI Labs’ workshop at the Digital Manufacturing and Design Innovation Institute in Chicago, our patented AR technology was showcased in collaboration with systems from HP and Siemens to demonstrate how digital disruption is being used to create factories of the future.
We recently had the privilege of joining forces with key tech innovators from Siemens and HP to host an experiential workshop as part of UI Labs’ “Digital Disruption: The Future Factory Transformation” event at the Digital Manufacturing and Design Innovation Institute (DMDII) in Chicago.
The inventive spirit of Detroit that put the world on wheels started with the automotive industry and has progressively expanded into other markets across the state, making Michigan one of the fastest growing technology and entrepreneurship hubs in the United States. And Detroit, in particular, is on its way to becoming a tech mecca.
The American manufacturing industry is currently undergoing a bit of a rough patch.
In 2015, the Bureau of Labor Statistics noted a rise in productivity in just 21 of 86 manufacturing sectors – the lowest number since the recession in 2009. A report states 82% of today’s manufacturers are experiencing either a moderate or severe shortage of skilled workers – a gap that is only expected to grow wider. And, recalls in the automotive sector alone hit a record 53.6 million in 2016.
Last month, I had the distinct pleasure of representing OPS Solutions on a nine-day trade mission to China.
Organized and led by Governor Snyder and the Michigan Economic Development Corporation (MEDC), my trip consisted of one-on-one meetings with more than 40 prospective manufacturing partners in several major Chinese cities – including Beijing, Guangzhou and Shanghai.
Since the arrival of the industrial revolution more than 150 years ago, manufacturing has been a vital component of economic growth and job creation. Historically, the manufacturing industry has had no problem attracting a consistent supply of skilled workers to fill factories.
Here at OPS Solutions, innovation is the foundation of everything we do. Since 2005, we’ve been at the forefront of the enterprise augmented reality (AR) movement, developing state-of-the-art solutions for companies around the world.
In the never-ending pursuit of perfection, manufacturers are constantly looking for ways to make every component better. The bedrock of every manufacturer is quality. In order to be considered valuable, any new tool or technology used to enhance efficiency and boost productivity must do so without sacrificing quality.


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EXCLUSIVE: NHL branding "super shops" within Dick's
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Beyond Dick’s (NYSE: DKS) effectiveness in showcasing brands in its stores, Near also emphasized that the Findlay-based sporting goods retailer also offers the broadest territory for the league. There are Dick’s stores in all but one of the metropolitan areas in which the NHL has teams. The only market not covered is the northern California region that is home to the San Jose Sharks.
Near said the NHL will gauge the success of the super shops over the holiday sales season and expects the league will need to make decisions by early March on whether to expand the strategy to other Dick's stores. March is when ordering decisions for next year's holiday sales season are made.
Dave Natale, the director of sports and events for the 550-store Dick's Sporting Goods, said the NHL super shop partnership was the furthest his company has gone in establishing a branded showcase with a professional sports league.
It's too early know how and where the NHL super shops could be expanded at Dick's. But he said, "We’re confident in our ability to make this be successful."
Tim Schooley covers retail, real estate, construction, hospitality, arts and entertainment, and government. Contact him at firstname.lastname@example.org or 412-208-3826.
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John Lewis appoints partnership secretary
The John Lewis Partnership has appointed Michael Herlihy to the newly named role of partnership secretary.
The role had the previous title of general counsel.
Due to take up his position on 16 April, Herlihy will succeed Keith Hubber, who left the business in January after three years.
Sir Charlie Mayfield, chairman of the John Lewis Partnership, said: “I am pleased to announce the appointment of Michael Herlihy as partnership secretary. This new title reflects the responsibilities Michael will take on for the duties previously carried out by Keith Hubber in the role of general counsel, leading both the legal directorate and company secretariat. He brings a wealth of experience to the John Lewis Partnership.”
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Herlihy will John Lewis from Smiths Group, where he was general counsel for ten years.
Prior to that, he spent 26 years in a variety of roles at Imperial Chemical Industries including group taxation controller, general counsel and executive vice president, mergers and acquisitions. He has also held a variety of non-executive roles including that of senior independent director at Imperial Brands.
Herlihy said: “I am excited to be joining the partnership. Having admired its brands and values for many years, it is a privilege to be invited to build on the good work already done by Keith Hubber and his team and to support the chairman, partnership board and executive team in the next phase of the partnership’s development.”
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January 31, 2019 - Dubai, UAE: From sushi rolls to poke bowls, Sumo Sushi & Bento continues to surprise its guests with seemingly endless number of culinary delights. Adding to the list of new additions, Sumo unveils two new palatable dishes to their winter menu. This is exclusively available for the month of February. The latest additions include the new vibrant Purple Dragon veggie roll and the perfectly cooked Teriyaki Trio dish,... ...
Dubai, United Arab Emirates, January 31, 2019: Pure Gold Jewellers, the award winning jewellery retailer, has created enchanting diamond pendants for Valentine’s Day. The romantic collection features a double heart pendant held together by a solitaire diamond, and a key heart pendant set with exquisite diamonds. Moreover, customers receive a voucher worth AED 500 on purchase of any of the two pendants until 16th February, 2019.&... ...
January 30, 2019: Cole Haan, the iconic American lifestyle brand, is excited to announce the launch of its new ZERØGRAND All-Day trainer which combines the styling of a dress shoe and the performance of an athletic trainer. For Spring 2019 Cole Haan continues to push boundaries by introducing their first shoe designed to seamlessly transition from work to workout, and everything in between. The ZERØGRAND All-Day trainer was c... ...
January 30, 2019: DIANA ARNO SS19 collection is like a dressing documentary about a life of a global jet-setter. Inspired by Diana’s favourite place – Dubai, where she returns year after year, it tells a story of an alluring city where the sea meets the desert. With the SS19 collection, DIANA ARNO takes a journey in the pursuit of paying homage to the beauty of Dubai. Longline silhouettes with architectural folds and prints... ...
Shake Shack’s BBQ offerings to debut this week Dubai, UAE, January 30, 2019: Round up your ‘cue crew! Shake Shack® is thrilled to announce a limited-edition lineup of BBQ items, available from February 10 for a limited time at all UAE Shacks: The BBQ ShackMeister® Burger is a 100% all-natural Angus beef cheeseburger topped with crispy ShackMeister® seasoned shallots and Shack BBQ sauce. The... ...
Dubai, UAE, January 30, 2019: Valentine’s Day is just around the corner and so is that very special romantic dinner. While you concern yourself with getting all ready to impress, don’t forget your delicate skin as there is nothing that boosts your confidence for Valentine’s night quite like smooth and soft skin. And this is now even easier to achieve with Sukin’s natural body care range. Formulated to restore th... ...
Celebrating the Art of Less
June 20, 2019 - Dubai, UAE
Chronoswiss concentrates on the essentials for the new Flying Grand Regulator Skeleton: With its barely existent dial and a skeletonized movement, the stunning timepiece is freed from all superfluous material. The result is a multidimensional Regulator watch with an elaborately constructed dial and deep insights. The skeletonization exudes a particularly contemporary aura due to the ......
A vintage look for modern time travellers
(June 20, 2019 - Dubai, UAE) We are living in a world of contradictions. In our constantly connected lives, we sometimes find ourselves dreaming of simpler times even as we appreciate the convenience of modern technology. If only we could have one foot in the past and one in the present.
Future-focused Swiss watchmaker Rado proves that we can have it all by combining ......
Dubai, United Arab Emirates - 20 June 2019: In 2013, the Admiral collection welcomed a new line to the family- the Admiral AC-One. Keeping in mind the key design codes of the Admiral Collection, the lines of the iconic dodecagonal-shaped case was reworked to become more rounded, and angles less prominent. Taking into consideration the size and weight of the 45mm diameter-case of the AC-One 45, titanium became the material of choice for ......
It’s difficult to strike a balance between modern and unique in the beauty world these days. And with beauty trends evolving so quickly, we can find it hard to keep up. Plus, the routine beauty practices can get a bit tedious for us all.
Absolute New York is a brand that embodies that balance between modern and adventurous. Offering all the essentials and necessities, Absolute New York’s ranges allow you to experiment with ......
Dubai, United Arab Emirates - 19 June 2019: Wrinkles are more than just a concern, they’re an obsession! And it shows: 2 out of 3 women in France buy anti-wrinkle face care products. And there is not just one type of wrinkle but several ways for the dermis to show signs of creasing. So, what’s the effective solution? Aesthetic medicine using targeted strategies such as Botox injections, Hyaluronic acid injections, Mesotherapy ......
Dubai, United Arab Emirates - 20 June 2019: When it comes to choosing your final touches, take your pick from our earthy toned accessories to add a touch of bohemian charm to your daytime look.
Amp up the texture & print with these gorgeous accessories that’ll instantly revive any of your fail-safe summer dresses.
CCC: Where Fast Fashion Meets Miracle Prices
Dubai - UAE, June 20, 2019: CCC, Europe’s Most Wanted Footwear brand, with over 1,500 stores across Europe, added another feather to its cap by launching its first store in the UAE at World Trade Center Mall, Abu Dhabi.
H.E. Robert Rostek, Ambassador of the Republic of Poland to the UAE and Talal Al Dhiyebi, Chief Executive Officer at Aldar inaugurated the grand launch event of ......
Dubai, United Arab Emirates - 19 June 2019: Make your activewear work harder and feel ready to take on the world in the latest sporting attire from Marks & Spencer.
Choose from quick dry fabrics in power shades for ultimate durability & comfort, that’ll motivate you to train for a stronger you.
Get ready to turn up the heat with Max Fashion’s Femme Utility, Vacay Vibes and Summer Dreamer collections
Dubai, United Arab Emirates - 19 June 2019: Summer 2019 is here, which means it is time to seek out the latest trends and styles to get you through the warmer months. To help you capture the latest summer fashion styles – while still managing to find great value – Max Fashion has highlighted three ......
LG LED Connect 2019 MEA will Illustrate the Future of LED Signage
Dubai, United Arab Emirates - 20 June 2019: LG Electronics (LG) will unveil its latest LED display solu-tions for businesses at LG LED Connect 2019 MEA next week. The company will ex-hibit a wide range of its indoor and outdoor LED displays at the event, with superior picture quality and world-class reliability.
A key feature of the event will be the ......
LG’s vision and strategy for a sustainable future
Dubai, United Arab Emirates - 20 June 2019: From the latest home appliances and electronics, to AC units and business solutions, LG Electronics (LG) is committed to reducing the environmental impact of its products.
To achieve this, the company has unveiled a number of commitments and goals, hoping to work with homeowners and businesses to create an ......
Oil refinery to deploy Aspen GDOT software aiming to maximize profit generation
Dubai, United Arab Emirates - 19 June 2019: Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization™ software company, today announced that Zeeland Refinery, a joint venture between Total and Lukoil in Western Europe, will deploy Aspen GDOT™ dynamic optimization software.
Aspen GDOT will initially be deployed on the middle distillate ......
Saturday, 15 June 2019: To celebrate the summer season and the return of the hugely popular S’mores Frappuccino, Starbucks commissioned a professional sand sculptor to create a giant Fappuccino cup sculpture made out of sand. Measuring 3 metres in height using X tonnes of sand, the impressive installation was on display at La Mer for one day only, to the amazement of passers-by at the popular beach ......
June 02, 2019 - Dubai
Sumo Sushi & Bento is welcoming two new off-menu dishes for a limited time across all Sumo outlets. With the addition of Keihaku Roll and Enkei Chicken/Wagyu, guests can now indulge in more delectable items throughout the month of June.
Drizzled with Sumo’s signature sauce, guests can try Keihaku Roll, made with avocado, shrimp tempura, cream cheese and crispy crab filled sushi roll; ......
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Cinépolis has announced that it will open 63 screens in six new cinemas across the Kingdom of Saudi Arabia
The Cinemas will open in the cites of Riyadh, Jeddah, Dammam, Jazan and Najran
The first of the six cinemas will open in Lulu Mall, Dammam in early 2020
Cinépolis will invest USD 300million+ in the Kingdom of Saudi Arabia over the next 3 years
Dubai, United Arab Emirates - 20 June 2019: Middle East, 20 June......
Sector continues to perform well with higher profitability
Bank loan growth picks up pace even as deposits fall
Tightening liquidity expected in near to medium term over shrinking net interest margins (NIMs)
Dubai, United Arab Emirates - 20 June 2019: Leading global professional services firm Alvarez & Marsal (A&M) today released its latest UAE Banking Pulse for Q1 2019, which shows that the UAE ban......
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Government, Legal and Charity
Events and Exhibitions
Healthcare, Fitness and Medicine
Dubai, 19th June 2019: Summer is around the corner and temperatures are rising to extreme degrees in some areas of the Middle East. Cook Children’s Pediatricians provide expert guidelines on how to protect the children from the heat while still enabling them to play and have fun.
When the temperatures rise so much, especially with such high humidity, it is very important to know how to protect your children from getting ill. ......
Dabur Rapidex Muscle Pain Relief Spray and Pudin Hara Pearls are now available across the UAE
Dubai, UAE, 18 June 2019: Dabur, one of India’s largest Ayurvedic Healthcare companies, has introduced two innovative healthcare products made with well-known herbs selected for their unique health properties.
Dabur Rapidex Muscle Pain Relief Spray, with oil of wintergreen and menthol as its main ingredients, is the ......
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Dubai, United Arab Emirates - 18 June 2019: With father’s day just around the corner, you’ve officially hit the time to search for quirky gifts. He may not win an award for the longest phone conversation but he surely deserves to get something special for being an awesome dad. IKEA, the region’s favorite Swedish home furnishing retailer has a wide range of offerings for someone who’s got it all. You want something that’s not only a thoughtful gift but should be functional enough to not just lay around the house catching dust.
Here are five ......
• Offer maximum versatility, flexibility and ease of installation for most retrofit applications
• Easily integrate with EcoStruxure Power and Energy Management solutions and building management system software to help building managers improve energy efficiency and savings
Dubai, United Arab Emirates - 17 June 2019: Schneider Electric, the leader in digital transformation of energy management and automation, today announced it is extending its line of PowerLogic EM4200 series Enercept energy and power meters to include five new meters, which join ......
A sneak peek into the brand’s creative innovations for the upcoming year by Inma Bermúdez, Claus Meyers, Greyhound Original Bangkok, Ori and Zandra Rhodes amongst many other renowned brands.
United Arab Emirates, 17 June 2019: IKEA, the region’s favourite Swedish home-furnishing retailer, gave its customers a glimpse of all the exciting upcoming collaborations with globally acclaimed artists, designers and brands for them to look forward to in 2020. The latest IKEA developments related to product designs, sustainability features, healthy living ......
Dubai, United Arab Emirates - 16 June 2019: Over the years we have either received advice or accumulated beliefs on bedroom decoration and mattress use that may not be as relevant today as they may have been in the past. They may also be complete myths and so we wanted to identify a few and debunk them. Whether these myths are based on design, mattresses or storage, IKEA is always looking to shed a new perspective on misconceptions while creating awareness on the important facts.
Here are our top six Bedroom Decoration and Mattress Myths Debunked.
Myth 1: A ......
Dubai, United Arab Emirates - 16 June 2019: Society is becoming increasingly aware of the importance of environmentally responsible interior design. As a result, more and more customers seek to incorporate sustainability principles into their homes. With this huge shift towards opting for ethically sourced materials, which are more durable in the long run, Home and Soul Dubai have fast become the go-to home stores in the region for their huge offering of environmentally-friendly designs.
Rattan Chairs: The Rattan material is one of the most popular decorative items ......
Dubai, United Arab Emirates - 13 June 2019: Refinitiv Oil Research received reports of a suspected attack on two oil tankers in the Gulf of Oman, about 56 NM East of Fujairah. This was later confirmed through various sources including the managers of the vessels in question.
The two tankers are identified as the “FRONT ALTAIR” managed by Frontline and the “KOKUKA COURAGEOUS” managed by Bernhard Schulte Shipmanagement.
Timeline of Events as it occurred based on Vessel Tracking Data:
The vessel Front Altair loaded 75,000 MT of Naphtha from ......
Schneider Electric and Navigant Research release new analysis on how California can upgrade critical energy infrastructure through Energy-as-a-Service (EaaS) solutions
Dubai, United Arab Emirates - 13 June 2019: Schneider Electric, the leader in the digital transformation of energy management and automation, today released new analysis on the role of microgrids to support the modernization of California’s grid infrastructure. The white paper, created in partnership with leading market research and advisory firm Navigant Research, explores innovative use-cases ......
June 13, 2019 - Dubai, UAE
Industry 4.0 is the intelligence behind the maximum efficiency of tomorrow’s world. But how does collecting data today help businesses stay sustainable while predicting what will happen tomorrow?
The Middle East and Africa market for augmented and virtual reality is expected to grow to $6 billion by 2020, according to the International Data Corporation. As the digital trend continues to innovate, it will transform the future of sustainable business.
Industry 4.0 has revolutionised the way a modern warehouse or distribution centre operates ......
Ahmad Bin Shafar: The meeting acts as a platform that highlights Dubai’s success in district cooling
Dubai, UAE, 13th June 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, is taking part in the 5th Annual Partners’ Forum, organized by the United Nations Environment Programme (UN Environment) for its ‘District Energy in Cities’ initiative. The meeting is being held from 11-14 June 2019 at Copenhagen, Denmark.
Ahmad Bin Shafar, CEO of Empower and Special Advisor on district cooling, will be ......
Solar in top 5, while methanol fastest-growing fuel energy term in UAE in online search
Dubai, United Arab Emirates - 12 June 2019: UAE residents are showing increasing interest in methanol and biodiesel as energy resources, with significant online search growth during the past three years, according to a recent report from SEMrush – the award-winning online digital marketing suite.
The SEMrush study, which pooled monthly search volumes of 11 types of fuel energy terms during the past three years, revealed electricity-related online searches were ......
Abu Dhabi, United Arab Emirates - 11 June 2019: The Italian energy sector looks set to play a key part in European participation at the 24th World Energy Congress, taking place in Abu Dhabi from 9-12 September, following today’s visit to the country by the leadership of the Congress Organising Committee.
Earlier today, H.E. Dr. Matar Al Neyadi, Chairman of the 24th World Energy Congress Organising Committee, met senior Italian energy stakeholders in Rome to brief them on progress so far towards September’s Congress, including the Congress ......
After three successful years, Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company’s full fleet of various tanker vessels
Dubai, United Arab Emirates - 11 June 2019: Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants (Lukoil), has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC). For the past three years, Lukoil has supplied KOTC’s full fleet of tanker vessels with their specialized product of marine lubricants. The new deal between the two companies will help ......
NAFL says logistics business is set for big boom in the UAE
Big logistics parks coming up in Abu Dhabi, Jebel Ali and near Expo 2020 venue
Logistics sector contributes 30% to Dubai GDP
Conference in Lebanon to discuss opportunities for UAE companies to participate in reconstruction projects in Syria and Iraq
Dubai, June 11, 2019: The logistics industry in the UAE is in for big growth with more logistics parks coming up in Dubai and Abu Dhabi and Chinese companies are set to invest more than $4 billion (Dh 14.68 billion) in logistics projects in Dubai and Abu Dhabi, according ......
Dubai, UAE, 09 June 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the launch of its summer campaign, under the slogan ‘Switch to 24°C and save more’. The campaign runs from June till end of summer. This is part of Empower’s efforts to support sustainability and deliver environmentally friendly district cooling services.
The campaign helps customers to reduce their district cooling energy consumption during summer period by encouraging them to set the AC thermostat to ......
Dubai, United Arab Emirates - 09 June 2019: As “on demand” services expand into more industries and market places, Trukkin is leading the way in digital logistics solutions for long-haul trucking. Launched in 2017, Trukkin is a techno-logistics firm based in Saudi Arabia and the United Arab Emirates operating throughout the Gulf Cooperation Council (GCC) region and beyond. The company works to innovate and simplify logistics and land transportation.
Trukkin has raised over $3.5 million in the recent funding round, which included marquee investors ......
Dubai, United Arab Emirates - 02 June 2019: When it comes to designing the ideal home, every designer understands that furniture can make or break a space. Choosing the right pieces can elevate the aesthetic of any room, from handmade chairs, exquisite chandeliers to marble printed tables.
Below are some of trends to keep on the radar for this year with some expert tips from Home and Soul:
Go bold: A statement pendant light truly sets the tone of any room. The structural design can create originality and add a hint of freshness to any dull room. A standout fixture can ......
● GROHE Composite Sinks in two colors and five designs complement established range of stainless-steel sinks
● GROHE Kitchen Colors transform faucets and sinks into colorful kitchen highlights
● Made-to-measure waste systems are compatible with GROHE Blue and GROHE Red water systems
30 May 2019: Filling pots, preparing food and doing the dishes after a delicious meal: Oftentimes things have to go fast and it can get a little hectic when it comes to hot pots and pans. The work area around the kitchen sink plays a crucial role in this ......
United Arab Emirates, 29th May 2019: Families are at the core of IKEA’s business: old and young, traditional and modern, by birth or choice. In the UAE, IKEA faces a challenge to be relevant to all of them, due to the population being composed mostly of expats. To show that IKEA has relevant solutions for all cultures, the brand launched the ‘Real-Life Series’, where it recreated rooms from some of the most popular television shows. The series was designed to serve as inspiration to IKEA’s diverse audience and demonstrate the variety of ways its furniture ......
• Seven-Year 170 Million Gallon Equivalents Purchase from Clean Energy Fuels Corp.
• Will Reduce GHG Emissions by More than 1 Million Metric Tons
Dubai, United Arab Emirates - May 29, 2019: today announced an agreement with Clean Energy Fuels Corp. (NASDAQ: CLNE) to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5 - 25 million gallon equivalents per year. RNG is a key part of UPS’s strategy to ......
There is no better time for a little (or big) home makeover!
Dubai, United Arab Emirates - May 28, 2019: Yes, you read correctly! This EID al-Fitr when you buy 2 items you will get your third one absolutely free! The deal includes absolutely everything in store, with no exceptions!
Starting Thursday May 23rd until Saturday June 8th you can come and select anything from a new bed, a desk, and upgrade to your dining table or rug to add some comfort to your living room, among many others items, all within this amazing offer.
Visit our stores to available this ......


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Leading cross-platform media property, Rolling Out today announced a partnership with Digital Remedy to create Rolling Out Extend. The new Rolling Out Extend will add reach, enhanced targeting and campaign insights, all key benefits for marketers who partner with Rolling Out. With this latest endeavor, Rolling Out continues to innovate and evolve its business, extending its consumer reach to over 30 million digital consumers. The partnership with Digital Remedy creates one of the largest addressable markets in urban media.
Rolling Out Extend will deepen retargeting capabilities, segment online audiences, and match key audience demographic attributes to significantly increase reach monthly, leveraging Digital Remedy’s technology. The partnership enables Rolling Out to create highly scalable campaigns that coupled with Rolling Out’s brand credibility, deliver an unmatched messaging environment for advertisers. Digital Remedy controls a large network of 15 online platforms that include Celebuzz, The Frisky, The Superficial, Urban Ink, and Hip Hop My Way.
“We are very excited to partner with Digital Remedy,” said Munson Steed, Founder and CEO of Rolling Out. “Working together we’ve built a platform where we’ll be able to engage more closely and tap into specific audiences such as African-American and Hispanic women, millennials, and other unique users across the multicultural landscape. The partnership fuels growth for both companies and complements our brand expansion plans that include the launch of Rolling Out Digital Entertainment Summit and a new production facility and television channel featuring millennial user produced and independent produced series.”
“Rolling Out is a great fit for us,” said Paul Schneider, Senior Director of Partnerships at Digital Remedy. “They reach a large audience within key demographics and working together makes perfect sense. Using our technology we can amplify their reach to specific audiences while also providing real-time insights.”
Rolling Out will be presenting the new capabilities with an April launch.
Rolling Out delivers media in virtually all formats from digital, print, video and events, with news covering entertainment, politics and society. The business continues to grow in reach and profitability. The print version of Rolling Out is available in 19 cities across the country, reaching millions of consumers online each month, complimenting Rolling Out’s digital and event business. Rolling Out’s portfolio also includes social influencer capabilities, a branding studio for the development of custom content, its own broadcast channel, and the launch of RODE in September 2017, a top thought leadership conference attended by luminaries in entertainment, business and sports. Rolling Out is headquartered in Atlanta, Georgia.
Digital Remedy is a digital media solutions company leading the tech enabled marketing space. Unprecedented access delivers performance-based innovation and maximizes your business potential through superior customer service, diverse strategic solution sets and flawless execution. Digital Remedy enables publishers, advertisers and influencers to access the full potential of their digital assets.
To find out more, visit https://rollingout.com/.


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Largest residential solar and battery storage installer of US, Sunrun has released a new home electric vehicle (EV) charger.
Sunrun’s 40-amp Level 2 Home EV charger is compatible with all EV models. The charger also offers smart features that allow customers to configure charger settings and control charging.
Sunrun’s Home EV charger will be available next month in select California, New Jersey, and Vermont markets, and then it will be rolled out across the US by the end of the year as an optional add-on.
Sunrun customers will be able to bundle it together with a rooftop solar plus battery storage system.
Home EV charger can increase a home’s electricity usage by 50% or more per year, depending on how much driving and home charging the EV owner does.
With 80% of EV charging done at home, and utility prices rising across the US, homeowners who buy into rooftop solar will be able to charge their EVs with solar power while also reaping the benefits of cheaper, more predictable energy rates.
Mary Powell, chief executive officer of Sunrun, said, “There is a strong correlation between EV ownership and solar adoption. People want to charge their vehicles with a clean, reliable energy source that’s cheaper than what they’re used to paying. As we work with customers to understand their energy needs, our new Home EV charger, coupled with our ability to potentially upsize home solar systems to meet those needs, position us nicely to help them future-proof their homes and provide peace of mind.”
Sunrun is Ford’s recommended installer, and it’s also the biggest Tesla Powerwall certified installer.


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Robert Johnson buys hotels for $1.7bn
Robert Johnson, the founder of Black Entertainment Television who is launching a buyout fund, has bought 100 hotels from White Lodging Services, the US hotel operator, for $1.7bn (â¬1.4bn).
The deal was conducted through RLJ Development, a privately held real estate investment company founded and led by Johnson. It already owns 29 hotels in the US valued at more than $1bn.
Thomas Baltimore, president of RLJ Development, said: "This acquisition is consistent with our strategy to invest in upscale, focused service hotels with premium brands in desirable markets.
"Furthermore, the White Lodging Services portfolio is relatively young and a majority of the hotels are located in recovering markets with substantial growth potential."
In December Johnson teamed up with the Carlyle Group, the US private equity specialist, to launch a buyout fund, Johnson's first foray into the private equity market. Fundraising is due to start in this quarter.
A month earlier, Johnson had teamed up with Deutsche Bank to launch a fund of hedge funds.
Johnson founded and managed Black Entertainment Television and was its chief executive for 25 years. He was the majority owner of the company until he sold it to Viacom.


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It’s Monday and that means its “Mando Monday”, so Disney has announced a new wave of merchandise based on the smash-hit Disney+ series, “Star Wars: The Mandalorian”. This week’s reveals include items from Funko, Her Universe and Hasbro.
Funko is releasing two new Pop Vinyls, Moff Gideon features a Darksaber that glows in the dark and a new edition of Mando in mid-flight with more glow in the dark elements.
Hasbro is releasing a new NERF Amban Phase-Pulse Blaster which is priced at $119.99 and will be released in Fall 2021.
There are also some new additions to the Mission Fleet series, which include new characters, creatures, and vehicles join the Hasbro line with Kuiil on a blurrg, a scout trooper on a speeder bike, and a collection of heroes including Mando, IG-11, and Cara Dune. These will be coming to stores in Spring 2021.
Her Universe is also releasing some new apparel featuring a Mythosaur.
And ShopDisney is also going to be releasing a new “Baby Yoda” Collectible Key.
Will you be adding any of these items to your collection?
Roger has been a Disney fan since he was a kid and this interest has grown over the years. He has visited Disney Parks around the globe and has a vast collection of Disney movies and collectibles. He is the owner of What's On Disney Plus & DisKingdom.


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Louis Vuitton owner Bernard Arnault is awaiting a response from Elliott Management after making an offer to buy AC Milan, a report claims.
Lawyer Antonello Martinez recently stated that he has a copy of a document which proves Arnault wants to buy Milan, with the business tycoon having requested due diligence (background checks).
Meanwhile, il Sole 24 Ore reported on Monday the team’s performances on the field could mean that Elliott lower their claims and get rid of an “asset” that is becoming a burden, adding that Arnault is indeed interested in purchasing the club.
According to a report on MilanLive.it – who cite La Repubblica – Elliott Management have a long-term plan for the Rossoneri, but a sale should not be ruled out if a good offer is presented.
And a good offer may have already arrived, as the paper claims that Arnault has tabled a €975m bid to buy Milan, which is a serious proposal given the club’s recent struggles on and off the pitch financially.


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During the holidays, people are busy shopping, attending events, and preparing for big meals, but criminals are busy too. The holiday season is an opportune time to strike. With people carrying more cash and homes filled with expensive gifts, the holiday season creates a perfect environment for crime.
In an effort to inform homeowners about their security during the holiday season, Alarms.org conducted a deep-dive of crime statistics across the U.S. and computed a holiday crime score each state.
The crime score takes into account things like holiday arrests, a state’s population, gun ownership, and poverty, and assigns each state a holiday crime score.* The higher the score, the higher the rate of holiday crime.
Let’s look at which states have the highest crime score and which have the lowest.
Florida’s crime score is more than twice the national average
Florida has the highest holiday crime score at 81.5, making The Sunshine State the worst state for holiday crime. Florida’s holiday crime score is more than twice the average holiday crime score nationwide, which is 32.9.
What’s going on in Florida? Why does this southern state have such a high crime score? A few contributing factors include Florida’s high number of holiday arrests, a high percentage of gun ownership, and a fairly high poverty rate, just to name a few. As a result, Florida ranks No. 1 in holiday crime.
Top 5 Worst States for Holiday Crime
A closer look at the holiday crime rankings has Florida and New Mexico in the top two spots, followed by Louisiana, Texas, and Utah. Florida has the highest score by a wide margin, but New Mexico, Louisiana, Texas, and Utah are all fairly close with scores varying between 41.0 to 37.9.
State Crime Score
Maine’s holiday crime rate is 4.5x lower than Florida
The state with the lowest holiday crime score is Maine. The northernmost U.S. state has a holiday crime score of 18.9, which is 4.5x lower than Florida’s score and much lower than the average crime score of 32.9.
What makes Maine so safe during the holiday season? For starters, the state’s overall crime rates have declined and arrests during the holiday season are fairly low.
Top 5 Best States for Holiday Crime
Maine has an impressively low holiday crime score, but New Hampshire and Vermont are close behind. North Dakota and New Jersey round out the top five states with the best holiday crime score.
State Crime Score
Holiday crime rankings by state
Wondering where your state ranks? Holiday crime scores vary across the U.S., but here’s a look at the rankings by state. States with lower holiday crime scores are in light red. As holiday scores increase, the shade of red intensifies.
Regional holiday crime scores
Alarms.org also looked at the holiday crime scores by region. We broke the U.S. into five regions and averaged the holiday crime scores for each.
The southern states have the highest holiday crime score at 37.6, which is higher than the national average of 32.9.
The region with the second-highest holiday crime score is the West at 34.1, followed by the Midwest at 30.2, the Mid-Atlantic at 28.5, and New England at 24.7.
Massachusetts, New York, Michigan, Florida, and New Mexico have the highest crime scores in each region.
Holiday crime prevention tips
Holiday crime rates shouldn’t be overlooked. No matter how your state ranks, it’s important to take extra safety precautions during the holidays. To help, here are some tips to follow to make sure the season isn’t spoiled by crime:
Install or activate an alarm system
Homeowners with a home security system should be sure to arm it during the holiday season, and homeowners without an alarm system should consider getting one.
Research shows 83% of burglars will look for a new home to target if there’s a security system in place, according to Angie’s List.
A simple home security system with door and window sensors, an interior camera, and some outdoor lighting is a great starter package. Today’s alarm systems are easy to install, can be self-monitored, and are controlled with a smartphone app. Alarms.org can help homeowners find the best security system for their home.
Hide gifts in an interior room
Before breaking into a home, a burglar usually peeks through the window. At a glance, the burglar can see what’s easy to steal. For this reason, it’s best to keep any gifts well hidden. Consider putting them in a bedroom closet or another windowless area where they can’t be seen from any window.
Get a safe that doesn’t look like a safe
If someone does gain access to a home, one of the first things they look for is a lockbox or safe. Burglars tend to take safes with them and open them later. Rather than using a traditional safe or lockbox, consider buying a safe that looks like an everyday item. A small lockbox that looks like a book, for example, is less likely found by intruders.
Upgrade the door lock
Having a deadbolt is helpful, but there are a few upgrades that can make a doorway safer. For starters, make sure the screws holding the strike plate in place are at least two or three inches long. With longer screws in place, the door will be harder to kick in.
In addition, upgrading to an automatic lock that’s controlled by a smartphone offers more security since homeowners can double-check the lock when they’re away.
Make arrangements for travel
If there are any signs that a homeowner is gone, criminals will seize the opportunity. If homeowners plan to travel, it’s important to make sure there are no signs of absence that can tip off criminals. Have neighbors get the mail, put lights on timers, and have snow removed.
Lock your vehicle
Snatching gifts or cash from an unlocked car takes seconds. Make sure criminals don’t have easy access to a car by locking the doors – even when it’s in your driveway. Adding outdoor lighting that’s triggered by motion sensors is a good idea as well. If someone comes near a car at night, the lights could be enough to scare them away.
The holiday crime score takes into account arrests made throughout the year, arrests made in November and December, a state’s population, age, gun ownership, poverty rate, and the urbanization rate to compute a holiday crime score. States are ranked by their crime score. States with a high score have high rates of holiday crime. States with low scores have low rates of holiday crime.


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Analysis Of Global Epoxy Resin Market Size: Global Epoxy Resin Market Analysis and Forecast (2022-2028) – by Type, , Application, End-user, and Region. Over the period from 2022 to 2028, the Global Epoxy Resin Market is expected to generate profits of about 9.1 (USD Billion) in 2021 and revenue of around 14.7 (USD Billion) by 2028, representing a compound annual growth rate (CAGR) of almost 6.8%. According to its objectives,
Amphibious Excavator Market: Overview The global Amphibious Excavators Market generated profits of around 6.01 billion USD in 2021 and is expected to generate revenues of roughly 15.11 billion USD by 2028, representing a compound annual growth rate (CAGR) of almost 10.8 percent between 2022 and 2028. An excavator is a piece of heavy construction equipment that may be used for a variety of tasks such as construction, excavation, and material
In Frankfurt and London, WisdomTree created an exchange-traded fund (ETF) which monitors an array of major biotechnology and genetics firms. The WisdomTree Bio Revolution UCITS ETF monitors the WisdomTree Bio Revolution ESG Screened Indexes and has a payout ratio of 0.45 percent. One of the world’s greatest technological visionaries, Dr. Jamie Metzl, has consulted the organization.\ “The biological transformation is presenting a significant opportunity to invest comparable to the
For almost $1.8 billion, Taiwan’s Yageo Corp will buy its competitor Kemet Corp. This move will reportedly help Yageo expand worldwide. That’s an 18% premium over the stock’s closing price on November 11. “The purchase will enhance our capacity to serve clients in high-end automotive, aerospace, industrial, medical, and telecom sectors,” said Yageo CEO Pierre Chen. It will also be expanded throughout Europe, North America, and Asia, according to
With a high compound annual growth rate (CAGR) of 5% during the forecast years, the global terrazzo flooring market was valued at over $26372 million in 2021 and is expected to cross $4077.7 million by 2028. What Exactly Is Terrazzo? For the uninitiated, terrazzo is a type of material used for walls and floors that is made up of small pieces of various materials such as marble, quartz, granite, glass,
A wholesale agreement between Sky and Vodafone will allow Sky to enter the Irish market via Vodafone’s network. It’s expected that Sky will enter the Irish mobile phone market in the coming year. The business will join Vodafone, Eir, and Virgin in providing TV, broadband, home phone, and mobile services to Irish customers. “This news represents a key milestone” for Sky Ireland’s expansion in Ireland, according to CEO, JD Buckley.
Global Stand-Up Pouches Market Overview A stand-up pouch, also known as Doypack (a trademark associated with the pouch), is a type of flexible packaging that may be shown, stored, and used while standing erect on its bottom for exhibition, storage, and usage. It is a form of bag, yet it can occasionally include aspects of a plastic bottle. Daypacks are commonly used to bring powders or ready-to-drink beverages while
Aside from music, Spotify has been seeking for other methods to generate cash. It was for this reason that it began a massive investment in its own podcast company. For the first time in its history, it plans to profit from audio. Findaway, a popular audiobook platform, has been purchased by the corporation. Digital audiobook distributor was created in 2004 and has focused on increasing access to audiobooks since then.
In recent years, the car industry has seen a major shift toward lighter vehicles in order to enhance fuel economy. Natural gas, crude oil, coal, cellulose, and salt are among the primary raw ingredients used in the creation of plastics. Additives and fibreglass are used to enhance the mechanical qualities and stability of automotive plastics. The economics of oil in the Middle East area are expected to stimulate demand for
One of the world’s most prominent automotive technology companies Faurecia has invested in ESP Consulting, a French laboratory that uses cognitive science to improve human performance and enjoyment. A key objective of Faurecia is to better understand the impact of its technology on human behaviour in the cockpit through the lens of tailored and predictive scenarios. The Vice President of Cockpit of the Future, Faurecia, David Degrange, said, “ESP Consulting


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PEOPLE - Changes at Novartis (Switzerland)
This article was originally published in Clinica
Daniel Vasella, CEO of Novartis, is to succeed Alex Krauer as chairman of the Swiss pharmaceutical company. Dr Krauer is to retire in April but will remain honourary chairman.
You may also be interested in...
While endocrine-disrupting evidence was inconclusive, the Scientific Committee on Consumer Safety recommends more conservative limits on use of homosalate, octocrylene and benzophenone-3 in cosmetic products compared with current requirements under the European Cosmetics Product Regulation.
The risk of inadvertently growing SARS-CoV-2 virus in cell and gene therapies and possibly infecting patients and workers should be assessed and mitigated, the agency advises.
Move was meant to preempt others’ efforts to secure the next six months of Regeneron’s COVID-19 antibody therapeutic.


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Park(ing) Day 2014
Park(ing) Day, an “annual worldwide event where artists, designers and citizens transform metered parking spots into temporary public parks” is tomorrow. And this year’s Park Slope edition promises to be great.
Via Eric McClure of Park Slope Neighbors:
We’ll be taking over a metered parking space in front of Ride Brooklyn at 468 Bergen Street in Park Slope, just across Flatbush from the 78th Precinct’s famous guerrilla bike lane. We’ll be there from 8 in the morning until about 3 p.m., and the 78th Precinct will be offering bike registration (handy if your bike ever gets stolen). We’ll be handing out Vision Zero literature, and you may get the chance to say hello to new 78th Precinct Commanding Officer Captain Frank DiGiacomo and his Community Affairs staff. Stop by, say hi, grab a latte and muffin from Gorilla Coffee, pick up any bike accessories you may need from Ride Brooklyn, and help us make our little slice of International PARK(ing) Day a big success.


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After closing a $64 million Series B round in May, Nio-backed LiDAR maker Innovusion has closed another $66 million Series B+ round.
The round was led by Guotai Junan International Private Equity Fund and followed by Shunwei Capital, with participation from original investors Nio Capital, Temasek, and Eight Roads.
The capital will be used primarily to support the mass production and delivery of LiDARs for the Nio ET7, as well as Innovusion's in-house developed innovation programs, the company said Friday.
Nio Capital has invested in the company five times in a row since leading its Series A round in 2018 and is currently Innovusion's largest institutional investor, the Nio-owned venture capital firm said Friday.
At Nio Day 2020 in January, Nio unveiled its first smart electric sedan, the ET7, scheduled for delivery in the first quarter of 2022.
(Photo source: CnEVPost)
The car is equipped with image-grade ultra-long-range LiDAR, developed by Innovusion in collaboration with Nio, with a 120-degree ultra-wide viewing angle, 0.06-degree * 0.06-degree angular resolution and the ability to detect up to 500 meters.
Innovusion was founded in 2016 and has core R&D teams in Silicon Valley, USA and Suzhou, China.
In June, Innovusion co-founder and CEO Bao Junwei said that the LiDAR developed by the company in cooperation with Nio will be a "high-performance product".
LiDAR for production vehicles is not for show, it is a high-performance product that responds to the needs of L3 and L4 autonomous driving and is a reliable complement to L2 autonomous driving, he said.
"LiDAR, in conjunction with other sensors, ensures the safety and reliability of autonomous driving," he said.
Bao believes the trend toward widespread use of LiDAR is just beginning. "If we draw an analogy with smartphones, this is the eve of the smartphone explosion, which is the state of 2006," he claims.
(Photo source: Innovusion)


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adidas AG (FRA:ADS) has been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is €226.42 ($263.28).
ADS has been the topic of a number of recent research reports. Morgan Stanley set a €180.00 ($209.30) target price on adidas and gave the stock a “sell” rating in a research note on Tuesday, March 26th. Hauck & Aufhaeuser set a €245.00 ($284.88) target price on adidas and gave the stock a “buy” rating in a research note on Friday, April 5th. HSBC set a €255.00 ($296.51) target price on adidas and gave the stock a “buy” rating in a research note on Friday, January 25th. Macquarie set a €265.00 ($308.14) target price on adidas and gave the stock a “buy” rating in a research note on Thursday, January 17th. Finally, UBS Group set a €210.00 ($244.19) target price on adidas and gave the stock a “neutral” rating in a research note on Friday, February 1st.
Shares of FRA ADS traded up €2.70 ($3.14) during trading hours on Monday, reaching €232.15 ($269.94). 847,375 shares of the stock were exchanged. adidas has a 52 week low of €163.65 ($190.29) and a 52 week high of €201.01 ($233.73).
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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Comments: 0Thursday, November 29th 2007 - 10:00 CET
Monotype Imaging, a leading global provider of text imaging solutions, has released its Apple iPhone Compatibility Font Set for mobile device manufacturers and application developers. Comprised of 39 fonts, the collection features typeface designs included on the Apple iPhone. “The iPhone is helping to bring PC-like experiences to users, and fonts are a big part of that,” said Mark Brown, director of OEM sales at Monotype Imaging. “By including a high-quality collection of scalable typefaces on the iPhone, Apple has set the stage. By enabling OEMs and developers to license our collection, Monotype Imaging is expanding options to usher in the development of more typographically enriched mobile offerings.”
Read: Apple iPhone Fonts
Comments: 0Wednesday, October 10th 2007 - 15:30 CEST
Monotype Imaging Inc., a leading global provider of text imaging solutions, is bringing mobile alive with scalable fonts at the Symbian Smartphone Show, Oct. 16 - 17, at the Excel Centre in London. Monotype Imaging will feature demonstrations at its stand (# 35) and a series of presentations in the Live Lounge on how developers, handset manufacturers, operators and designers can enrich the mobile experience with fonts.
Read: Symbian Smartphone
What is your favourite cell phone brand?